Rocket startup Agnikul raises Rs 200 Cr capital

Chennai (IANS) Rocket startup Agnikul Cosmos on Tuesday said it has raised Rs 200 crore ($26.7 million) to scale its existing technology towards commercialization as well as invest in key facilities such as mobile launchpads and other test rigs necessary…

Maruti to issue Rs12,841cr worth shares to Suzuki for 100% stake in Guj plant

New Delhi (IANS) The country’s leading car maker, Maruti Suzuki India announced on Tuesday that it would issue shares worth Rs 12,841 crore to its parent company Suzuki Motor Corporation to acquire 100 per cent equity capital in the latter’s Gujarat…

IT majors interim dividend: Infosys leads in terms of quantum per share but lags by percentage

Chennai (IANS) Software major Infosys Ltd has been gradually increasing the quantum interim dividend to its shareholders over the years.

Announcing the second quarter results for FY24, the company had declared an interim bonus of Rs 18 per…

AERA issues warning to airport operators over unauthorised passenger tariffs

New Delhi (IANS) The Airports Economic Regulatory Authority (AERA) has issued a stern warning to airport operators regarding the imposition of unauthorised tariffs on passengers.

Apple leads tech giants in pushing suppliers to adopt clean energy

New Delhi (IANS) Apple leads the pack of six tech giants who have set targets for its suppliers to switch to renewable energy and among those top IT brands, it is the only company that has a 100 per cent renewable electricity target in its supply…

Civil society forum writes to RBI Governor seeking information security auditors system for banks

Kolkata (IANS) In the wake of multiple instances of online bank frauds through misuse of biometrics data in Aadhaar cards, a popular civil society forum here has appealed to Reserve Bank of India (RBI) Governor Shaktikanta Das for the introduction…

India’s forex kitty falls for 5th week in a row

Mumbai (IANS) India’s foreign exchange reserves fell for a fifth consecutive week to settle at a five-month low of $584.74 billion as of October 6, figures compiled by the RBI showed on Friday.

The $2.17 billion decline from the previous week…

Domestic air passengers annual traffic volume surged to 29.10%: DGCA

New Delhi (IANS) Domestic airline passenger numbers for the period spanning January to September soared to 1,128.62 lakh, showcasing a substantial increase from the 874.24 lakh recorded during the same period the previous year, said the aviation watchdog,…

Indian startup sector sees significant drop in deal activity in 2023

New Delhi (IANS) The Indian startup sector saw a significant drop in deal activity in 2023 (year-to-date) compared to the same period in 2022, a report showed on Friday.

Overall, there was a 39 per cent decrease in the number of deals and a…

Govt shelves move to curb laptop imports

New Delhi (IANS) The government is rolling back its plan to restrict laptop imports, months after suddenly announcing the move to introduce a licence system which was aimed at boosting domestic production but had drawn flak from industry as an interference…